Video: Fed Chair Says Next Moves Are ‘Not at all Clear’
Read Video: Fed Chair Says Next Moves Are ‘Not at all Clear’ on WALY Radio
Video: Fed Chair Says Next Moves Are ‘Not at all Clear’
Despite heightened uncertainty, the economy is still in a solid position. The unemployment rate remains low and the labor market is at or near maximum employment. Inflation has come down a great deal, but has been running somewhat above our 2 percent longer-run objective. If the large increases in tariffs that have been announced are sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment. The effects on inflation could be short-lived, reflecting a one-time shift in the price level. It is also possible that the inflationary effects could instead be ..